Tag Archives: disclosure

MoviePass Under Investigation

Using the broad Martin Act, the New York state securities statute, the New York Attorney General is investigating whether MoviePass misled investors regarding its financial situation. MoviePass is the wildly popular movie subscription service that has been changing its business … Continue reading

Posted in balance, checkbook, Film, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, Wall Street | Tagged , , , , , , , , , , , , , | Leave a comment

Crowdfunders Grouse About Reg. CF

People are grousing that the Securities and Exchange Commission’s Regulation Crowd Funding isn’t helping small business like it should. Although 438 small companies have raised over $105 million since the regulation went effective in May 2016, the complaints about the … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fraud, Investments, Jobs, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

SEC Fines Yahoo! Over Breach Omission

The Securities and Exchange Commission is serious about data breaches. Which is why it fined Altaba (formerly Yahoo!) $35 million for its failure to disclose the breach for 2 years. The SEC said that Yahoo executives knew within days that … Continue reading

Posted in accredited investor, Congress, discrepancies, fine, FINRA, fraud, Investments, Legislative Intent, penalty, review, SEC, technology, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Insurer Denies Crypto Exchange Claim

Scary times in crypto-currency land as a major Korean insurer has denied the claim of a Bitcoin exchange. Yapian, the parent of YouBit, a crypto-currency exchange, filed a $2.8 million claim to recover for the hack with its insurer DB … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, technology | Tagged , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Needs More Regulation(?)

A recent scholarly study noted that Regulation Crowd Funding is not sufficiently protective of the typical investor. The study notes that, notwithstanding the disclosure requirements, unsophisticated investors could easily be sucked into a “get rich quick” Ponzi scheme or outright … Continue reading

Posted in accredited investor, balance, Broker dealers, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunders Trying To Shame Tax Returns From The President

Although two pages from the President’s 2005 tax returns were released to the public last night, Chicagoans are crowdfunding for a 16-foot-tall inflatable rooster with a signature hair do to float on April 15, tax day. The local demonstration is … Continue reading

Posted in balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment